Bank of New York Mellon Corp Increases Holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Bank of New York Mellon Corp grew its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 15.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,600 shares of the insurance provider’s stock after purchasing an additional 1,728 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.49% of White Mountains Insurance Group worth $24,507,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Handelsbanken Fonder AB purchased a new stake in White Mountains Insurance Group in the 4th quarter worth about $1,167,000. Global Retirement Partners LLC boosted its stake in White Mountains Insurance Group by 28.4% in the 4th quarter. Global Retirement Partners LLC now owns 262 shares of the insurance provider’s stock worth $510,000 after purchasing an additional 58 shares during the period. Principal Securities Inc. boosted its stake in White Mountains Insurance Group by 6.9% in the 4th quarter. Principal Securities Inc. now owns 185 shares of the insurance provider’s stock worth $360,000 after purchasing an additional 12 shares during the period. Rhumbline Advisers boosted its stake in White Mountains Insurance Group by 0.4% in the 4th quarter. Rhumbline Advisers now owns 4,549 shares of the insurance provider’s stock worth $8,848,000 after purchasing an additional 16 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in White Mountains Insurance Group by 3.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 23,236 shares of the insurance provider’s stock worth $44,824,000 after purchasing an additional 681 shares during the period. 88.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research note on Monday, February 10th.

White Mountains Insurance Group Stock Up 1.8 %

Shares of NYSE WTM opened at $1,888.85 on Monday. White Mountains Insurance Group, Ltd. has a 52 week low of $1,665.71 and a 52 week high of $2,023.00. The business has a 50-day simple moving average of $1,882.91 and a two-hundred day simple moving average of $1,860.74. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.10. The company has a market cap of $4.80 billion, a P/E ratio of 20.99 and a beta of 0.41.

White Mountains Insurance Group (NYSE:WTM) last issued its quarterly earnings results on Friday, February 7th. The insurance provider reported $12.44 earnings per share (EPS) for the quarter. White Mountains Insurance Group had a return on equity of 10.56% and a net margin of 10.29%.

White Mountains Insurance Group Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, March 26th. Investors of record on Monday, March 17th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a dividend yield of 0.05%. White Mountains Insurance Group’s dividend payout ratio is 1.11%.

White Mountains Insurance Group Profile

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through HG Global/BAM, Ark/WM Outrigger, Kudu, and Other Operations segments. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, and transportation facilities, as well as reinsurance protection services.